Retirement plan

US ACUTE CARE SOLUTIONS PROFIT SHARING/401(K) PLAN AND TRUST

Name: US ACUTE CARE SOLUTIONS - US ACUTE CARE SOLUTIONS PROFIT SHARING/401(K) PLAN AND TRUST (2024) Form 5500
Creator: US ACUTE CARE SOLUTIONS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, US ACUTE CARE SOLUTIONS PROFIT SHARING/401(K) PLAN AND TRUST, US ACUTE CARE SOLUTIONS

US ACUTE CARE SOLUTIONSEIN 34-1807694Plan #001PY 2024

4535 DRESSLER RD NW - CANTON, OH 44718330-493-4443usacs.comLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

1 filing

#003Retirement-$17.3M assets

Prospect flagsFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$1936M

+20.0% from 2023

Total participants

10,132

+2.8% from 2023

Average account balance

$199,180

+12.0% from 2023

Annual return

18.33%

-3.62 pp from 2023

Benchmarks

See 238 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort238 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.94B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$199K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

9,720

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

93.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$166.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+18.33%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$54

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 5 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$235,107
STRATEGIC ADVISORS, INC.4 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$149,470
SAGEVIEW ADVISORY GROUP, LLC1 year Filed as: SAGEVIEW Service code 27 · EIN 33-0818667	Advisory (Plan)	$113,925
MEADEN & MOORE, LTD.1 year Filed as: MEADEN AND MOORE Service code 10 · EIN 34-1818258	Accounting	$15,500
WEALTH MANAGEMENT SYSTEMS INC1 year Service code 49 · EIN 22-3734996	Other Services	$0

Plan features & details

Pension benefit codes2T3H2E2F2G2J3D2R

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$529K

$80 / participant

Recordkeeping$246K46.5%
Investment mgmt$149K28.3%
Contract admin$4K0.8%
Other / not subdivided$129K24.5%

% of EOY assets

0.027%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MEADEN AND MOORE LTD
Auditor EIN: 341818258
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$199,180

$67,823+193.7%

$155,602+28.0%

$99,187+100.8%

Participation rate

93.8%

67.5%+26.3pp

78.2%+15.6pp

71.7%+22.1pp

Annual return

18.33%

16.16%+2.2pp

64.81%-46.5pp

17.66%+0.7pp

Employer contribution / active EE

$14,071

$2,280+517.2%

$4,675+201.0%

$3,262+331.4%

Participant deferral / active EE

$11,105

$3,847+188.7%

$5,629+97.3%

$5,339+108.0%

Admin fee / account holder

$54

$94-41.9%

$15,923-99.7%

$109-50.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$235,107

STRATEGIC ADVISORS, INC.4 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$149,470

SAGEVIEW ADVISORY GROUP, LLC1 year

Filed as: SAGEVIEW

Service code 27 · EIN 33-0818667

Advisory (Plan)

$113,925

MEADEN & MOORE, LTD.1 year

Filed as: MEADEN AND MOORE

Service code 10 · EIN 34-1818258

Accounting

$15,500

WEALTH MANAGEMENT SYSTEMS INC1 year

Service code 49 · EIN 22-3734996

Other Services

US ACUTE CARE SOLUTIONS PROFIT SHARING/401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

US ACUTE CARE SOLUTIONS PROFIT SHARING/401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion